Property description
Synergy Property Associates are pleased to offer for Sale as SOLE SELLING AGENTS this Investment Opportunity being Sold with the Freehold Interest and being located very close to the Sea Front, Town Centre and within a stones throw of Margate Mainline Station.
This Period Conversion consists of 4 x 1 Double Bedroom Apartments currently all rented with a yearly return in excess of £17,000 per annum and rental yield in excess of 6.21 % which can be increased. The Lower Ground and Ground Floor Apartments have their own Garden Areas with each Apartment offering their own uniquness and being all in good condition throughout, with some of the flats still retaining their original features.
Viewing is highly recommended with the property being sold with NO ONWARD CHAIN.
Lower Ground Floor Flat (F1)Private Entrance to:-
Hallway - 12'6" (3.81m) Max x 6'1" (1.85m) MaxDoors Leading to:-
Bedroom - 12'6" (3.81m) Max x 11'6" (3.51m) MaxLounge - 16'9" (5.11m) Max x 12'5" (3.78m) MaxKitchen - 8'1" (2.46m) Max x 7'4" (2.24m) MaxDoor to:- Bathroom
Door to:- Courtyard
Bathroom - 8'1" (2.46m) Max x 7'9" (2.36m) MaxCourtyardConcrete Laid
External StepsLeading up to:-
Communal HallwayDoor to Flat 2, Stairs Leading Up To Flat 3 and Flat 4
Raised Ground Floor Flat (F2)Main Door Leading To:- Internal Split Level Flat
HallwayAll Rooms Leading Off:-
Bathroom - 5'11" (1.8m) Max x 6'2" (1.88m) MaxLounge - 15'7" (4.75m) Max x 13'6" (4.11m) MaxSea Views
Bedroom - 11'1" (3.38m) Max x 9'0" (2.74m) MaxSteps Leading To:-KitchenDoor To Courtyard
CourtyardConcrete Laid, Brick Walls Surrounding, Rear Entrance
First Floor Flat (F3)Main Door Leading To :-
LobbyLeads To All Rooms
Open Plan Lounge / Kitchen - 16'11" (5.16m) Max x 13'0" (3.96m) MaxBay Fronted Window, Sea Views
Bathroom - 5'8" (1.73m) Max x 6'2" (1.88m) MaxDouble Bedroom - 10'0" (3.05m) Max x 9'11" (3.02m) MaxTop Floor Flat (F4)Main Door Leading To:-
Stairs Leading Up ToAll Rooms
Open Plan Kitchen Lounge - 12'4" (3.76m) Max x 16'1" (4.9m) MaxBedroom - 12'2" (3.71m) Max x 10'4" (3.15m) MaxEn Suite - 6'2" (1.88m) Max x 5'10" (1.78m) MaxThree Piece Bathroom Suite
NoticePlease note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.
Property Features :
- Conversion of Four One Bedroom Apartments
- Investment Opportunity
- Current Yield in Excess of 5%
- Current Rent In Excess of £14,000 per annum
- Income From Day One
- Double Glazed
- Gas Central Heating Throughout
- Sea View